A sells and electric press to be at at a profit of 5% and B sells to C at the loss of 5%. C pays Rs.23.94 for it, what does A cost??
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Let the cost price of Bell be ' x '
A sells an electric press to B at a profit of 5%
Selling price = cost price + profit
Profit = cost price×profit percentage
so x + 5%×x =x + x×5/100 = x + 0.05x = 1.05x
B sells to C ata loss of 5% if C pays rupees 23.94
Selling price = cost price - loss
Loss= cost price× loss percentage
1.05x - 5% × 1.05x = 23.94
1.05x - 1.05x × 5/100 = 23.94
1.05x - 0.0525x = 23.94
0.9975x = 23.94
x = 23.94/0.9975
x= 24 = cost price
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